The Money with Katie Show Rich Girl Roundup: Should I Host a Money Intervention?
9 snips
Mar 4, 2024 Exploring the delicate topic of intervening in a loved one's bad money decisions, strategies for navigating financial denial within family dynamics, addressing debt issues with support and understanding, and providing practical strategies for assisting someone with financial issues.
AI Snips
Chapters
Transcript
Episode notes
Pride Hides Deeper Fear
- Defensive pride usually masks fear or insecurity in people resisting financial help.
- Approaching them with curiosity about underlying emotions reduces defensiveness and opens dialogue.
Helped A Friend Who Never Followed Through
- Henah once built a spreadsheet and plan for a friend who then never implemented it and stopped talking about money.
- This showed you can give help but you cannot force someone to act on it.
Lead With A Vision
- Start conversations with an inspiring end vision instead of lecturing about cuts and fixes.
- Use shared goals as a magnet to transition into actionable money steps together.